The biometric security systems are new and progressive products in India. With the rapidly escalating industrialization and huge population the demand for biometric systems in India is much higher than many developed nations. The usage of biometrics helps in increasing the productivity and embellishes performance of the organizations. These biometric technologies assist in increasing the productivity, revenue, cash flow, etc. Government of India’s initiatives pertaining to the identity of citizens — e-passports, national ID projects, UIDAI projects, employee benefit schemes — are pushing the envelope for Biometrics. With mounting Governments focus in the recently initiated smart safe city projects that require the deployment of advanced systems and management solutions across different layers of a city’s infrastructure is further set to boost the sales of biometrics systems in the country.According to “India Biometrics Market Forecast & Opportunities, 2018”, the biometrics market in India is expected to cross USD 2 Billion revenues by 2018. The main factors which are driving the growth of biometrics market are lack of data protection, improper border security, terrorist threat, population growth and continual technological changes. The challenges which are being faced by the biometric industries are rough hands and cataract problems, lack of innovation, implementation of biometrics at a grassroots level and cost of production. The major players in biometrics industry are Morpho (Safran) Group, 3M Cogent, NEC Corp.
To Know More : India Biometrics Market Forecast and Opportunities
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